I live in Okotoks, AB and it appears as though there’s a mania phase going on right now, huge speculation at least. Homes are selling in as little time as a few days on market and sellers are getting up to $75k over list price. It’s absolutely crazy and I can’t see how this can continue. A lot of speculators from Toronto and Vancouver areas. Prices in some cases are up $100k from last year.
Enjoy.... Ontario's RE market was destroyed by this behavior. Ontario prices are now finally coming down a bit or at least stagnating. In some areas there was apparently a 20% drop since the peak in 2022, I have yet to see such areas. I guess I was focussed on finding a house in an area that basically never really dropped in price and is holding on strong now. A lot of rural areas in Ontario continue to do well, like east along the major highway 401... prices have barely budged in that direction since the peak. But there are the rare finds in more expensive properties, where if a seller needs to sell fast for whatever reason, a generous discount is provided. It is the lower to medium-priced properties that are not moving much, since that is where the bulk of the buyers is buying, e.g. I am seeing properties once listed for 1.5 million eventually selling for as low as 1 million, yet they either are a more luxurious home or offer the added value of huge acreage, yet houses originally priced at $999,900 of poorer quality, no added value ultimately sell with no discount or a couple thousand dollars less. So those who can afford anything over a million, can now get some good "deals" and pull prices down to the same as medium-end homes. But Jon won't tell you that here...
The last chart clearly shows that current sellers are getting close to their wake up call. The bubble pricing train has left the station and it's time to get these ridiculous asking prices, back down to earth.
Not happening. Go learn something about your rapidly depreciating dollar. You are the one with your head in the clouds if you ACTUALLY THINK YOU WILL NEED LESS OF THEM TO BUY something with REAL VALUE in the future. hahahahahaha.
@@camwalker1186 I completely agree. The CAD is toilet paper and I would rather have my money appreciating in RE than sitting in the bank and depreciating. People are forgetting how worthless the CAD has become and that is a BIG contributor to inflated asset prices.
camwalker1186, Thanks for the comment but I do understand the difference between a nominal price ( current printed price) and a real price (adjusted for inflation). The real estate market overshoot and is currently coming back to the mean. I agree, the CAD is a hurting unit and holding real assets is a must. But like any hard asset, there is a time to buy and a time to hold tight and not get caught up in FOMO.
@@tff40 You're right, prices are coming back to the mean, I understand your point, which means that there are some adequately priced properties out there now. I see them and if I needed to buy (I don't, I already own), I would feel comfy buying some of the ones I have on my saved list, knowing they have added value (acreage, location, solid structure, or additional garage etc), have come down from another planet back to Earth and are more in sync with the current costs to build (taking into account age, like with a used car). I see "pockets' of unaffordable and affordable properties in Ontario, so it all comes down to location and if people are able to WFH, commute, etc. We are all basically generalizing here in these forums, and then the point gets lost are people start accusing each other of exaggerating or being out of touch with reality. What's wrong is the way Jon presents his data in a generalized manner which make some all excited that a crash is coming while others can clearly see around themselves that houses continue to sell, and are selling for more and more each year, no promised drop. These forums are in fact toxic.
Agree 100%. The reason I hound channels like these, (albeit Jon really is on an island on his own) is that we must be accountable. God knows we have lacked accountability the past 4 years in politics and MSM etc. You cannot be calling for a crash and when said crash obviously doesn’t happen, continue to sell fear porn. Flynn is actually hurting the renters here and spreading misinformation.
After a few years of looking, I have only found one good realtor, and one good mortgage broker. Because, once I found the good ones, I stopped looking. That way, you will always find more bad ones than good ones. The bad ones tend to be in-your-face (marketing), and the good ones you have to approach after a recommendation (reputation).
Im seeing very few listings. $599k now seems to be the cheapest listing price out there, and anything listed for that sells for $700k. Based on my own search, the market is slow because of lack of inventory. Prices are still stupid.
Jon don’t delete comments. Have debate. Why do you get frustrated when people push back on you? It only makes you weaker and your argument holds no weight.
I use UA-cam’s default settings which may block vulgarity etc. but I don’t delete any comments unless it’s spam. If I did censor I would’ve censored Johnny L a long time ago. Same with X, I’ve never blocked anyone but use their default spam setting. I’m guessing it was swearing or something that got your comment blocked.
When the buyer's representing agent profits from a percentage of the final sale price, it is a direct conflict of interest to a buyer whom wishes to get the home for the lowest price they can...
Hi Jon. I love your channel as a fellow Canadian and Ontarian, Sarnia. I'm think about purchasing a property. I like the idea of buying a multi family, where I would live in one unit and rent out the others. But I don't want to be the landlord. I would look into using a property manager for the rental unit. I have also thought about what it would take to build a purpose built muiltu family. What are you thoughts on the two options?
Fortunately in Edmonton we got into a negotiation and were able to knock off 20,000$ off listing! Good to have back ground knowledge of home building!!
Not bashing all realtors but I sold my house in Calgary a few years back without a realtor. The buyer also did not have a realtor. We had a common lawyer and that was it. You should have heard agents calling and their remarks, some were almost swearing at me. FOMO is the worst thing some create.
I did the same a few years ago. Smoothest transaction I've ever had (cost me $2,000 to get an MLS listing and the photos through a company here) and no pressure from a listing realtor - although same thing with rude realtors calling to tell me how I had to use a realtor (I offered $5,000 commission for a buyer's realtor - some told me to stuff it but others were fine with it. I sold to someone without a realtor). I sold again recently with a realtor only because I wanted to buy subject to the sale of my house. It was terrible - arguments around the price, super put out over showing me listings until I listed my house, then refusing to pull my listing when my mother died citing that there was so much interest it could sell any day (to which I said that that was what I was afraid of as I'd been away for weeks and not had time to look). I got an offer right after I returned from the funeral. I could have fought him over it but didn't have the energy and now regret it as house prices are going up fast here and I am now renting. I'll never use a realtor again as I have done it 3 times now and each time they just did what they wanted and would not listen to my direction.
Kingston Ont and home sales seem to be picking up a bit, but still quite slow compared to years past. The multiple over asking bids have disappeared, and more homes sitting with "new price" after a month or so. Regardless, they're still 30% higher than 2019. We'll see once rates drop a bit.
Exactly. Even with the 20% drop from peak, the home prices are obviously still much higher from pre Covid and no chance of going back to 2019 levels. Rates will only come down at this point. Prices have already picked up again in my city. Common sense to see prices rise again.
What people don’t understand is that flat nominal price means big loss for homeowners in real terms: if you have a mortgage, the carrying cost (interest, tax etc.) are not covered by rent and capital appreciation, if you don’t have a mortgage, you would gain more selling your home and keeping your money invested, even on a saving account. Prices will be flat but lose 50% in real terms in the coming decade.
You are great! Anyone complaining about anything you are saying will always exist. Putting yourself out there for ridicule is huge in itself. I appreciate both your professionalism and candidness.
@@johnmorrison1050 True. He has kept die-hard sidelined fans, sidelined for years with false hopes of a market crash. The RE markets is literally too big to crash in Canada, and as the BOC just pointed out, our economic activity is at crisis levels now, and why? Because the RE market is not as productive (not just sales, but development) due to high rates and the RE market is one of the biggest contributors to our GDP. Our gov is too addicted to the RE market churning up taxes and profits to fluff the GDP numbers up to let it fall. Rates will come down sooner than expected, IMHO, to keep RE activity going with a lot of smoke and mirrors in the press making it look like our gov cares to make housing more affordable. It does not care but needs our votes.
Thanks Jon for the update! Realtors with audacity of advirtising "Your house sold or I'll buy it" cohort are garbages, they don't realize it is a direct conflict of interest just saying that. Nothing but regulation / education is needed for this group of folks.
I was half way through grade 11 when a realtor convinced my dad to sell the house and move from Toronto to Scarborough.. Hated realtors from that day..Greedy selfish people..
I am seeing a lot of selling commotion outside of the GTA, east along the 401 and even in and around Peterborough - very busy area, perhaps 70 percent sell below asking with a minor discount, 15% at asking and 15% above asking. Perhaps west of the GTA is different... ?? A certain sort of Canadians are fleeing the GTA in droves to escape mass immigration, CHOWmunism, and Woke ideology - they are mainly heading east or north of the GTA, thus these markets remain propped up and are doing quite well in spite of Jon's bashing.
Jon is deleting comments he does not like again. Surprised your has not been deleted. Mine is gone. Dare to differ from Jon and risk having your comment deleted. Incredible...
@@Joey-c7x that does not surprise me at all. Jon doesn't take kindly to people that disagree with him. And good luck getting him to admit he was wrong.
I don’t care what the fake media says, condos in downtown Toronto are sitting on the market for months in some cases 5 months with many price drops whereas in years past those same condos would sell in a week
I’ve had good and not so good realtors. The not so good ones could have been avoided if I’d done some research first. I do think realtor fees are way too high, and should be a flat rate, not based on the selling price.
Dude.... Seriously just hold your own and say it as it is. Many real estate agents are corrupt and money driven. The reconning is coming. Most of the reason for our high priced markets.... "Bid them up"....
I have sold my home in 2021. Trying to downsize since my husband’s death. I am looking and seeing houses that are smaller & need extra repairs & asking price is higher. I refuse to buy a home at a higher price for smaller homes with less upkeep. Currently living with a relative until things are better. 😢
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Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Angela Christine Derle, has been an amazing experience.
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At this point the question is really what happens when rates cut. For sure a bunch of sellers are going to jump in. But will there be enough buyers with just a 0.25bp cut?
Several EU countries holding their own currency have been a few steps ahead of us the whole time with rate hikes and now with cuts. Some of these EU countries ran the rates up to 7%, which was great for savings but put a halt to the RE market, which was much needed. Prices barely came down and now with rate cuts of 75 basis points within 3 months, things are heating up again, the number of new mortgages taken out is climbing again after almost two years of minimum activity. The warning out there is that a major psychological barrier for buyers on the sideline seems to be 4%, so once mortgage rates are 4%, the majority will jump back in. Central bank rates don't have to be that low, banks are already offering "deals" on mortgage rates. So I am looking out east of us to see what happens to the RE market in EU countries facing similar problems (huge influx of immigrants from Ukraine and elsewhere), prompting investors to buy condos to turn into rentals. Canadians also have a psychological barrier, a magic number that they are willing to accept for a tolerable mortgage rate and it is that rate that will bring the buyers back off the sidelines and my guess is it won't be pretty if the majority have a similar budget - lower to middle-end homes. Prices in this range will go up while prices on higher end homes might continue to come down, creating an ironic situation - crapshacks for over $800,000 and yet you can get a solid good quality home with acreage for just a tad above a million, but can't get a mortgage for it. That $700-900,000 category will be brutal....
I'm still seeing clowns posting a house here and there that got over asking. Claiming the market is on fire, meanwhile it's only a couple of houses which were probably money laundering. 🤡🤡
Well, that's because there are pockets where houses are still selling for over asking because of location. Or because the house was intentionally listed for less to generate an over-asking offer.
@@Joey-c7xexactly it really depends on the area but with skyrocketing crime people are also no longer buying in the city there’s a mass exodus happening
We bought a house in November 2023. Our realtor took us through 100 before we found it. It took 40 months.she got us everything we wanted at 10 below asking! It Wouldn’t have happened without her! She was very helpful and professional, and turned into a friend!
LOL - I thought we were the only ones to have a patient agent who showed us more than 60 properties, we stopped counting at 50. It became such a nauseating process every other weekend, packing a picnic lunch and heading 2 hours out of the GTA. We got a 33% discount on our property, thanks to it being on the market for over half a year, starting way too high. I guess it was just meant to be for us. I have mentioned this here before but someone here does not like me pointing it out and my comment gets shadowed. Prices have come down and are starting to stagnate or bump up again a bit, they are well above 2019 prices though. The best "deals" are to be found on above-standard properties, where there are less buyers at the moment. This is the only reason we got lucky - practically no competition on better quality rural homes above a million. If sellers really need to sell, they will come down and provide an interesting opportunity. Our two and a half years of house-hunting paid off. So sorry Jon, but there really are good deals out there right now, you just need to break it down and not generalize everything into a doomsday video. You are keeping die-hard fans sidelined forever with false hopes.
Investors are still in denial about the fundamentals of the economy. They expect rares will soon be cut and believe the topline GDP numbers signal a strong economy. However, they dont. Credit card balences are maxed out, more credit is hard to come by for consumers, a ton of companies are about to beforced into refinancing their debs at far higher interest and the regional bank backstop program is out this month. There's also the fact that inflation ticks higher than expected every single time the markets believe a rate cut is around the corner and a rate cut would cause a surge in inflation. The fed sees this stuff, guys. The only wild card for us investors is to actively engage the market by trading, we always over complicate things when we speculate. It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Not a realtor, but I've sold seven houses myself. Used a realtor once only because I felt lazy. You don't need a real estate agent folks. Worst experience: one of those sales I did totally on my own - the realtor for the buyer somehow managed to con my (a**hole) lawyer into handing over a commission from my proceeds, even tho all the paperwork said ZERO commission. Had to threaten to go to police & charge the realtor with theft before I finally got my $18K back from his slimy crooked hands. Lawyer did absolutely nothing but hang up on me. Lesson learned, only trust yourself, check everything, do everything yourself.
Reminds me of that old joke: "The trouble with the lawyers is that 98% of its members give the rest a bad name." Thanks for the insight Jon, you definitely belong to the 2% and it shows. I have no issues in dealing with honest people.
Hi Jon, love your videos and have become a recent subscriber since I started looking for a home in January. Where I’m looking, in Windsor Ont, I feel like things often seem out of synch with the rest of the country and even the province. So on the one hand I see this video and some of your others saying this is normal spring uptick in prices, and even that it’s not as high as previous years, on the other I have my agent, my family, and even the dog saying “oh no, the prices are only going to get worse. We have the battery plant coming, the Amazon fulfillment centre, and loads of international students”. What’s your opinion on that? Is it fear mongering? How worries should I actually be? I’d love it if you could mention in your next video if it’s worth it. Thanks!
I Have a very honest good buyer realtor. Not selling a dream. She is amazing. Just dropping comment cuz there is a lot of negativity, but there are ppl here with good realtors for buyers. I generally wouldn’t comment about my “positive” experience, but since u talked about how mostly ppl with negative experiences post something, let me post about the positive and contribute to a more balanced opinion of the space.
Lower sales numbers could be an indication of huge delay purchase considering population growth and money accumulation in GICis at 5% that will flow into the housing market when interest will drop
Great video! Jon I was wanting to hear your opinion on the Calgary real estate sector. You think the euphoria in the market there will last? Or fizzle out in the next year or two?
I've been looking at listing for 3.5 years (waiting for the right house/property) and I've noticed that 50% (give our take) of the homes for sale are corner lots. It makes me wonder if these are homes owned by "real people", or corporations/investment companies. I just can't believe that it's coincidence that corner lots are ALL up for sale right now.
I will probably buy in St.Catherine's when this all shakes out. I will use John Flynn for sure. I won't buy u til long after the interest rates go down. That is when the prices will really drop because the economy will be in very bad shape
I paid a realtor to sell a rental property I owned and was not to upset on the fees. he did what I needed and was happy with the sales price. I get paid 3% commission on everything I sell and it is about what you pay for real estate so seems about average. The people selling million dollar homes they bought 30 years ago for 80k are the only ones who seem upset someone gets paid to work.
Buy Real Estate Under These Conditions IMO: You are comfortable with the Payments You will hold real estate for a long time If you are investing, it's ugly out there as most returns are negative in GTA
I just bought a condo 4 months ago in St Catharines. My real estate agent was great. He was straight up and honest. My experience was more 'old school respectful' compared to others I have dealt with. The slowing market should force agents to appreciate their clients more, but I'm not sure that kind of respect still exists industry wide. I might have viewed a condo your family was selling?
I feel like we’ve been seeing videos like this since 2019. Bust is here. Real estate needs to crash. Housing is a bubble. Ok but when is it actually going to happen loo
Jon will still be making real estate is crashing videos in a decade. He tries to play this all high and mighty moral superiority card when he is no different than any other realtor. Instead of pushing the buy now FOMO he pushes the sell now FOMO.
@@AnitaSridhar Jon doesn't do many deals so it's not like it matters anyways. But the answer is and will always be no. He claims all this moral high ground whenever he can online though.
@@johnnylongstockingLOL Johnny. I agree but my comments keep getting deleted. Jon's sidelined buyers will remain forever faithful and sidelined as they miss the bus, yet again. Prices on low to medium-end homes are going to be the hardest hit with prices going back up once buyers return to the market with a similar budget. There will be bidding wars over this category. Those who can afford better, will do well, as higher end homes will compete for buyers and need to make prices more interesting. There are already some interesting finds out there and for comparison - crap houses for around $800,000 selling fast since the majority can get a mortgage for them, but quality homes over a million take longer to sell, no competition among buyers and ultimately sell with generous discounts, getting you way more bang for your buck a tad above a million (GTA and anywhere within 90 minutes of the GTA).
I've had both the 1st realtor was selling the house I felt there was something very strange maybe crooked going on as were encouraged to go with a cash deal that wasn't a cash deal since the bank came by to see if it was worth what it was and a lot of delays and various things I can never prove I'm sure the second lady was extremely honest and pointed out issues etc so I'm on the fence as to my over all opinion. In the end like any business deal it comes down the ethics of the person not the profession label
Thanks for the great video Jon! Why is there no law to ensure that sellers don’t ask a ridiculously low price in hopes of creating a bidding war? It’s so frustrating finding something that’s within your budget only to find out the seller’s wanting 200-300k above asking to even consider the offer.
Realtors are a product of what the rules permit and the incentives they get to do their work. If sellers don't even have to disclose the offers, for example, how does it promote a fair fight?
I am seeing some price cuts recently in Burlington and still lots of overpriced inventory sitting for a long time. I think townhomes around the million mark are moving. We want to buy but are waiting.
@@rosatipicks did you read? I am seeing lots of prices cuts in what should be the busiest time of year so that does not bode well for house prices longer term. Lots more stock coming up for sale so sellers will be competing for my business. A few rate cuts is not going to do much. If prices never come down meaningfully, then that's fine as I'm a happy renter. The opportunity cost of purchasing a 1.3 million dollar house is too great. Not gambling my future. No thanks.
@@sw8281there are plenty of homes under a million selling. Homes over a mill will be harder to move. But they are still selling around asking. The 600-800k homes will have highest demand. There are plenty of them outside the GTA that will get swallowed up. Homes under a million will be fine. Over a million will be stagnant for some time. But no crash is coming. I promise that.
Every thing this guy says has ABSOLUTELY NOTHING to do with HOUSE prices FALLING. there will be NO SUPPLY. Hahahaha not exactly a buyers market if there is NOTHING AVAILABLE TO BUY..HAHAHAHA
Well, the general perception of fully commission based people is pretty low anyway. Just like how many of you or patients think highly of their doctors or medical professionals. I do find the stats quite interesting because it's brisk in Alberta.
Not Jon. He has a very negative market it crashing bias. Last year he said prices wouldn't increase and was already saying in January that the spring market wouldn't last. Prices then went up for 4-5 months in a row. Same story this year. Market activity has picked up, prices are increasing, and Jon is still saying the market is going to crash.
The people like Jon that have to preach loudly how much morality and honesty they have are usually the most immoral and dishonest of the bunch. Jon will you ever own up to the numerous incorrect predictions you have made in your past videos?
we are looking to buy our 1st home but in our area most of the houses that we like are sold or asking price is way up high, good thing our realtor got our back and does not want us to get the overpriced homes, he is patient and putting our best interest 1st.
Dead here in Edmonton. Still no where near 2014-2015 highs. Not even during covid with 1 percent interest rates did we get there. Things are selling because either people who got lucky and bought the bottom in 2019 are selling or people are capitulating.
My experience has only been positive. My Burlington realtor especially was very knowledgeable and saved me lots of money and future headaches when I bought, and did an incredible job selling my place as well a few years later. Shout out Kirk Fournier of Just Shout Wilma.
At this point. If you are sitting in a honking mortgage yet to renew and praying rates will drop and prices will go up. You better get super religious. Cause this is hands down the final phase. Prepare for capitulation. That is where the trap door opens. You have maybe a few weeks left to dump cause the early warm weather. Soon, gas prices will spike, inflation will re accelerate and the talk of rate rises will begin. Usa and Canada. But one final thought. You sell when you can. Not when you have to. Protect your family. Cause it's coming.. Guitano and Fauch believe we are in 89 to 94. Meaning you ain't getting back to even for 14 years.
But Jon has been preaching a housing crash for over a decade... so he has kept die-hard fans sidelined with false hopes. Maybe he gets it right this time, maybe not. Too many forces and headwinds up against him though that put a very firm floor under housing prices. Do your own research. If you did not notice, he said the opposite of what 3/4 of the graphs he showed actually suggest. He only got it right with the last graph. Just sensationalism but it gets people clicking and watching. Right Jon? Twist the data for over a decade to meet your narrative...
@@Joey-c7x Jon said last year that prices wouldn't increase in the spring. Do you think he ever owned up to that dud prediction...... NOPE! Jon will still be making videos about the coming crash for another decade after prices have doubled once again.
@@Joey-c7x What are you talking about? His first youtube videos talking about his views on real estate were two years ago. And from then till now buying market priced real estate in Ontario is probably the dumbest thing you could do. You sound like a disguntled bagholder.
I don't see free fall happening outside of the GTA along the 401 line - in fact, stable prices and some still selling over asking - location, location, location....
Mark is more objective, none of this doomsday crap like Jon, who has been predicting a crash for over a decade and left his sidelined die-hard fans - sidelined.@@Mikey-catman
Canadian “buyers market”, that tar paper shack is now $999,500 instead of a million.
That depreciating worthless piece of tar paper is the Canadian dollar. Hahahaha
@@camwalker1186 You can thank Trudope for that, once the tories are in, a way we go
I live in Okotoks, AB and it appears as though there’s a mania phase going on right now, huge speculation at least. Homes are selling in as little time as a few days on market and sellers are getting up to $75k over list price. It’s absolutely crazy and I can’t see how this can continue. A lot of speculators from Toronto and Vancouver areas. Prices in some cases are up $100k from last year.
Enjoy.... Ontario's RE market was destroyed by this behavior. Ontario prices are now finally coming down a bit or at least stagnating. In some areas there was apparently a 20% drop since the peak in 2022, I have yet to see such areas. I guess I was focussed on finding a house in an area that basically never really dropped in price and is holding on strong now. A lot of rural areas in Ontario continue to do well, like east along the major highway 401... prices have barely budged in that direction since the peak. But there are the rare finds in more expensive properties, where if a seller needs to sell fast for whatever reason, a generous discount is provided. It is the lower to medium-priced properties that are not moving much, since that is where the bulk of the buyers is buying, e.g. I am seeing properties once listed for 1.5 million eventually selling for as low as 1 million, yet they either are a more luxurious home or offer the added value of huge acreage, yet houses originally priced at $999,900 of poorer quality, no added value ultimately sell with no discount or a couple thousand dollars less. So those who can afford anything over a million, can now get some good "deals" and pull prices down to the same as medium-end homes. But Jon won't tell you that here...
Another excellent video from an honest realtor.
The last chart clearly shows that current sellers are getting close to their wake up call. The bubble pricing train has left the station and it's time to get these ridiculous asking prices, back down to earth.
Not happening. Go learn something about your rapidly depreciating dollar. You are the one with your head in the clouds if you ACTUALLY THINK YOU WILL NEED LESS OF THEM TO BUY something with REAL VALUE in the future. hahahahahaha.
@@camwalker1186 I completely agree. The CAD is toilet paper and I would rather have my money appreciating in RE than sitting in the bank and depreciating. People are forgetting how worthless the CAD has become and that is a BIG contributor to inflated asset prices.
camwalker1186, Thanks for the comment but I do understand the difference between a nominal price ( current printed price) and a real price (adjusted for inflation). The real estate market overshoot and is currently coming back to the mean. I agree, the CAD is a hurting unit and holding real assets is a must. But like any hard asset, there is a time to buy and a time to hold tight and not get caught up in FOMO.
@@tff40 You're right, prices are coming back to the mean, I understand your point, which means that there are some adequately priced properties out there now. I see them and if I needed to buy (I don't, I already own), I would feel comfy buying some of the ones I have on my saved list, knowing they have added value (acreage, location, solid structure, or additional garage etc), have come down from another planet back to Earth and are more in sync with the current costs to build (taking into account age, like with a used car). I see "pockets' of unaffordable and affordable properties in Ontario, so it all comes down to location and if people are able to WFH, commute, etc. We are all basically generalizing here in these forums, and then the point gets lost are people start accusing each other of exaggerating or being out of touch with reality. What's wrong is the way Jon presents his data in a generalized manner which make some all excited that a crash is coming while others can clearly see around themselves that houses continue to sell, and are selling for more and more each year, no promised drop. These forums are in fact toxic.
Agree 100%. The reason I hound channels like these, (albeit Jon really is on an island on his own) is that we must be accountable. God knows we have lacked accountability the past 4 years in politics and MSM etc. You cannot be calling for a crash and when said crash obviously doesn’t happen, continue to sell fear porn. Flynn is actually hurting the renters here and spreading misinformation.
You are a pure Gem. Many Thanks , Jon
After a few years of looking, I have only found one good realtor, and one good mortgage broker. Because, once I found the good ones, I stopped looking. That way, you will always find more bad ones than good ones. The bad ones tend to be in-your-face (marketing), and the good ones you have to approach after a recommendation (reputation).
Im seeing very few listings. $599k now seems to be the cheapest listing price out there, and anything listed for that sells for $700k.
Based on my own search, the market is slow because of lack of inventory. Prices are still stupid.
Thanks for the comment, inventory usually peaks mid year for most locations
Jon don’t delete comments. Have debate. Why do you get frustrated when people push back on you? It only makes you weaker and your argument holds no weight.
Haha, the only comments I delete are spam ones that are sometimes hard to decipher. I don’t delete or block anyone ever.
@@jonflynn ya sure you don't! Why are multiple people saying you do in the comments section of this video then?
I use UA-cam’s default settings which may block vulgarity etc. but I don’t delete any comments unless it’s spam. If I did censor I would’ve censored Johnny L a long time ago. Same with X, I’ve never blocked anyone but use their default spam setting. I’m guessing it was swearing or something that got your comment blocked.
@@jonflynn funny how this comment got you to respond but any challenging you go without a response. Are you that insecure?
Nice background picture of 'Bay Beach Park', just a few blocks West of 'Crystal Beach Waterfront Park'.
yep, thanks for noticing
When the buyer's representing agent profits from a percentage of the final sale price, it is a direct conflict of interest to a buyer whom wishes to get the home for the lowest price they can...
The best march in over a decade ,nobody is buying over priced plywood or should I say osb boxes😂
Hi Jon. I love your channel as a fellow Canadian and Ontarian, Sarnia. I'm think about purchasing a property. I like the idea of buying a multi family, where I would live in one unit and rent out the others. But I don't want to be the landlord. I would look into using a property manager for the rental unit. I have also thought about what it would take to build a purpose built muiltu family. What are you thoughts on the two options?
I think a purpose built rental property is a great idea.
Fortunately in Edmonton we got into a negotiation and were able to knock off 20,000$ off listing! Good to have back ground knowledge of home building!!
Not bashing all realtors but I sold my house in Calgary a few years back without a realtor. The buyer also did not have a realtor. We had a common lawyer and that was it. You should have heard agents calling and their remarks, some were almost swearing at me. FOMO is the worst thing some create.
I did the same a few years ago. Smoothest transaction I've ever had (cost me $2,000 to get an MLS listing and the photos through a company here) and no pressure from a listing realtor - although same thing with rude realtors calling to tell me how I had to use a realtor (I offered $5,000 commission for a buyer's realtor - some told me to stuff it but others were fine with it. I sold to someone without a realtor). I sold again recently with a realtor only because I wanted to buy subject to the sale of my house. It was terrible - arguments around the price, super put out over showing me listings until I listed my house, then refusing to pull my listing when my mother died citing that there was so much interest it could sell any day (to which I said that that was what I was afraid of as I'd been away for weeks and not had time to look). I got an offer right after I returned from the funeral. I could have fought him over it but didn't have the energy and now regret it as house prices are going up fast here and I am now renting. I'll never use a realtor again as I have done it 3 times now and each time they just did what they wanted and would not listen to my direction.
Good for you maxim..keep the $30K in Your pocket not real estate agents pocket.
Kingston Ont and home sales seem to be picking up a bit, but still quite slow compared to years past. The multiple over asking bids have disappeared, and more homes sitting with "new price" after a month or so. Regardless, they're still 30% higher than 2019. We'll see once rates drop a bit.
Thanks for the info
Exactly. Even with the 20% drop from peak, the home prices are obviously still much higher from pre Covid and no chance of going back to 2019 levels. Rates will only come down at this point. Prices have already picked up again in my city. Common sense to see prices rise again.
Thank you Jon
Is that Crystal Beach you used in the background?
Yep, good observation
It was only a few days ago that there are not enough houses for sale in Canada. Now the housing market is a bust! What gives?
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
Same here, with my current portfolio made from my investments with my personal financial advisor I totally agree with you
Wow! Kind of in shock you mentioned expert,elizabeth ann graney. What a coincidence!!
Elizabeth Ann has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of life's
Life is easier when the cash keeps popping
in, thanks to Elizabeth Ann graney services. Glad she's getting the recognition she deserves
I use to work 3 jobs, full time at Walmart, a server at night and Lyft on the weekend, untill Elizabeth Ann graney change my story.
What people don’t understand is that flat nominal price means big loss for homeowners in real terms: if you have a mortgage, the carrying cost (interest, tax etc.) are not covered by rent and capital appreciation, if you don’t have a mortgage, you would gain more selling your home and keeping your money invested, even on a saving account. Prices will be flat but lose 50% in real terms in the coming decade.
Great video. Keep up the great work.
You are great! Anyone complaining about anything you are saying will always exist. Putting yourself out there for ridicule is huge in itself. I appreciate both your professionalism and candidness.
This guy is a joke and a scammer 🤯
@@johnmorrison1050 True. He has kept die-hard sidelined fans, sidelined for years with false hopes of a market crash. The RE markets is literally too big to crash in Canada, and as the BOC just pointed out, our economic activity is at crisis levels now, and why? Because the RE market is not as productive (not just sales, but development) due to high rates and the RE market is one of the biggest contributors to our GDP. Our gov is too addicted to the RE market churning up taxes and profits to fluff the GDP numbers up to let it fall. Rates will come down sooner than expected, IMHO, to keep RE activity going with a lot of smoke and mirrors in the press making it look like our gov cares to make housing more affordable. It does not care but needs our votes.
@@johnmorrison1050 ain't that the truth!
Thanks Jon for the update!
Realtors with audacity of advirtising "Your house sold or I'll buy it" cohort are garbages, they don't realize it is a direct conflict of interest just saying that. Nothing but regulation / education is needed for this group of folks.
I was half way through grade 11 when a realtor convinced my dad to sell the house and move from Toronto to Scarborough.. Hated realtors from that day..Greedy selfish people..
How does blind bidding represent the buying client's best interests?
Hopefully the changes made to American Realtors is coming to Canada real soon
This video is not going to age well, just wait until the data comes out at the end of the month.
I am seeing a lot of selling commotion outside of the GTA, east along the 401 and even in and around Peterborough - very busy area, perhaps 70 percent sell below asking with a minor discount, 15% at asking and 15% above asking. Perhaps west of the GTA is different... ?? A certain sort of Canadians are fleeing the GTA in droves to escape mass immigration, CHOWmunism, and Woke ideology - they are mainly heading east or north of the GTA, thus these markets remain propped up and are doing quite well in spite of Jon's bashing.
Jon is deleting comments he does not like again. Surprised your has not been deleted. Mine is gone. Dare to differ from Jon and risk having your comment deleted. Incredible...
@@Joey-c7x that does not surprise me at all. Jon doesn't take kindly to people that disagree with him. And good luck getting him to admit he was wrong.
I don’t care what the fake media says, condos in downtown Toronto are sitting on the market for months in some cases 5 months with many price drops whereas in years past those same condos would sell in a week
@@retrogamer82 whatever makes you feel better. The numbers are what they are and they are going to make Jon and this video look very bad.
I'm honestly impressed by how well everything is still selling considering the interest rates and market sentiment.
I’ve had good and not so good realtors. The not so good ones could have been avoided if I’d done some research first. I do think realtor fees are way too high, and should be a flat rate, not based on the selling price.
Dude.... Seriously just hold your own and say it as it is. Many real estate agents are corrupt and money driven. The reconning is coming. Most of the reason for our high priced markets.... "Bid them up"....
I have sold my home in 2021. Trying to downsize since my husband’s death. I am looking and seeing houses that are smaller & need extra repairs & asking price is higher. I refuse to buy a home at a higher price for smaller homes with less upkeep. Currently living with a relative until things are better. 😢
You are definitely not in Alberta. Some house are barely up a week.
Real estate is local young grasshopper.
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Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Angela Christine Derle, has been an amazing experience.
YES!!! That's exactly her name (Angela Christine Derle) so many people have recommended highly about her and am just starting with her 😊from Brisbane Australia🇦🇺
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+154
What does itso stand for ? In Toronto sucking overpriced?
At this point the question is really what happens when rates cut.
For sure a bunch of sellers are going to jump in.
But will there be enough buyers with just a 0.25bp cut?
Several EU countries holding their own currency have been a few steps ahead of us the whole time with rate hikes and now with cuts. Some of these EU countries ran the rates up to 7%, which was great for savings but put a halt to the RE market, which was much needed. Prices barely came down and now with rate cuts of 75 basis points within 3 months, things are heating up again, the number of new mortgages taken out is climbing again after almost two years of minimum activity. The warning out there is that a major psychological barrier for buyers on the sideline seems to be 4%, so once mortgage rates are 4%, the majority will jump back in. Central bank rates don't have to be that low, banks are already offering "deals" on mortgage rates. So I am looking out east of us to see what happens to the RE market in EU countries facing similar problems (huge influx of immigrants from Ukraine and elsewhere), prompting investors to buy condos to turn into rentals. Canadians also have a psychological barrier, a magic number that they are willing to accept for a tolerable mortgage rate and it is that rate that will bring the buyers back off the sidelines and my guess is it won't be pretty if the majority have a similar budget - lower to middle-end homes. Prices in this range will go up while prices on higher end homes might continue to come down, creating an ironic situation - crapshacks for over $800,000 and yet you can get a solid good quality home with acreage for just a tad above a million, but can't get a mortgage for it. That $700-900,000 category will be brutal....
I'm still seeing clowns posting a house here and there that got over asking. Claiming the market is on fire, meanwhile it's only a couple of houses which were probably money laundering. 🤡🤡
Well, that's because there are pockets where houses are still selling for over asking because of location. Or because the house was intentionally listed for less to generate an over-asking offer.
@@Joey-c7xexactly it really depends on the area but with skyrocketing crime people are also no longer buying in the city there’s a mass exodus happening
We bought a house in November 2023. Our realtor took us through 100 before we found it. It took 40 months.she got us everything we wanted at 10 below asking! It Wouldn’t have happened without her! She was very helpful and professional, and turned into a friend!
Good month to buy
LOL - I thought we were the only ones to have a patient agent who showed us more than 60 properties, we stopped counting at 50. It became such a nauseating process every other weekend, packing a picnic lunch and heading 2 hours out of the GTA. We got a 33% discount on our property, thanks to it being on the market for over half a year, starting way too high. I guess it was just meant to be for us. I have mentioned this here before but someone here does not like me pointing it out and my comment gets shadowed. Prices have come down and are starting to stagnate or bump up again a bit, they are well above 2019 prices though. The best "deals" are to be found on above-standard properties, where there are less buyers at the moment. This is the only reason we got lucky - practically no competition on better quality rural homes above a million. If sellers really need to sell, they will come down and provide an interesting opportunity. Our two and a half years of house-hunting paid off. So sorry Jon, but there really are good deals out there right now, you just need to break it down and not generalize everything into a doomsday video. You are keeping die-hard fans sidelined forever with false hopes.
Investors are still in denial about the fundamentals of the economy. They expect rares will soon be cut and believe the topline GDP numbers signal a strong economy. However, they dont. Credit card balences are maxed out, more credit is hard to come by for consumers, a ton of companies are about to beforced into refinancing their debs at far higher interest and the regional bank backstop program is out this month. There's also the fact that inflation ticks higher than expected every single time the markets believe a rate cut is around the corner and a rate cut would cause a surge in inflation. The fed sees this stuff, guys. The only wild card for us investors is to actively engage the market by trading, we always over complicate things when we speculate. It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
She's often interacts on Telegrams, using the user-name.
@Lindawilburn
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
Reason i invest in the crypto market; to make my money work for me, to prevent inflation from eroding my savings.
Not a realtor, but I've sold seven houses myself. Used a realtor once only because I felt lazy. You don't need a real estate agent folks. Worst experience: one of those sales I did totally on my own - the realtor for the buyer somehow managed to con my (a**hole) lawyer into handing over a commission from my proceeds, even tho all the paperwork said ZERO commission. Had to threaten to go to police & charge the realtor with theft before I finally got my $18K back from his slimy crooked hands. Lawyer did absolutely nothing but hang up on me. Lesson learned, only trust yourself, check everything, do everything yourself.
Thanks for cutting through the BS as always 👍🏻
97% of realtors agree, the other 3% get their licenses revoked.
I am a realtor on Vancouver Island. Same thing happening here. Investors not buying. Home builders not building. Developers not developing.
It's impossible to get anything done with all the liberal Red tape.
It’s at the end of the balloon.
For how long now?
"Almost a buyers market"? It IS a buyers market but the buyers are sitting on their wallets.
Some smart ones are already out purchasing homes with generous discounts without any competing offers.
Reminds me of that old joke: "The trouble with the lawyers is that 98% of its members give the rest a bad name."
Thanks for the insight Jon, you definitely belong to the 2% and it shows. I have no issues in dealing with honest people.
One rate cut, and its game over. People will go wild again
Hi Jon, love your videos and have become a recent subscriber since I started looking for a home in January. Where I’m looking, in Windsor Ont, I feel like things often seem out of synch with the rest of the country and even the province. So on the one hand I see this video and some of your others saying this is normal spring uptick in prices, and even that it’s not as high as previous years, on the other I have my agent, my family, and even the dog saying “oh no, the prices are only going to get worse. We have the battery plant coming, the Amazon fulfillment centre, and loads of international students”. What’s your opinion on that? Is it fear mongering? How worries should I actually be? I’d love it if you could mention in your next video if it’s worth it. Thanks!
I Have a very honest good buyer realtor. Not selling a dream. She is amazing. Just dropping comment cuz there is a lot of negativity, but there are ppl here with good realtors for buyers. I generally wouldn’t comment about my “positive” experience, but since u talked about how mostly ppl with negative experiences post something, let me post about the positive and contribute to a more balanced opinion of the space.
Lower sales numbers could be an indication of huge delay purchase considering population growth and money accumulation in GICis at 5% that will flow into the housing market when interest will drop
Any recommendations for a good realtor in Ottawa?
Great video! Jon I was wanting to hear your opinion on the Calgary real estate sector. You think the euphoria in the market there will last? Or fizzle out in the next year or two?
Depends, if they build then prices will fall.
I've been looking at listing for 3.5 years (waiting for the right house/property) and I've noticed that 50% (give our take) of the homes for sale are corner lots. It makes me wonder if these are homes owned by "real people", or corporations/investment companies. I just can't believe that it's coincidence that corner lots are ALL up for sale right now.
Very odd indeed
Possibly speculators as they know corner/end lots are more desired
what about mortgage rate not many people can afford it
Our’s was good friend who does more commercial. He helped others we know who were happy. But is well aware of bad players.
things will only get worse in the Canadian real estate market. The pumpers on UA-cam will have you believe differently.
YOUR HONESTY IS GREATLY APPRECIATED JON, TRANSPARENT AND BELIEVE ABLE.
I will probably buy in St.Catherine's when this all shakes out. I will use John Flynn for sure. I won't buy u til long after the interest rates go down. That is when the prices will really drop because the economy will be in very bad shape
I paid a realtor to sell a rental property I owned and was not to upset on the fees. he did what I needed and was happy with the sales price. I get paid 3% commission on everything I sell and it is about what you pay for real estate so seems about average. The people selling million dollar homes they bought 30 years ago for 80k are the only ones who seem upset someone gets paid to work.
Buy Real Estate Under These Conditions IMO:
You are comfortable with the Payments
You will hold real estate for a long time
If you are investing, it's ugly out there as most returns are negative in GTA
I just bought a condo 4 months ago in St Catharines. My real estate agent was great. He was straight up and honest. My experience was more 'old school respectful' compared to others I have dealt with. The slowing market should force agents to appreciate their clients more, but I'm not sure that kind of respect still exists industry wide. I might have viewed a condo your family was selling?
I feel like we’ve been seeing videos like this since 2019. Bust is here. Real estate needs to crash. Housing is a bubble. Ok but when is it actually going to happen loo
Jon will still be making real estate is crashing videos in a decade. He tries to play this all high and mighty moral superiority card when he is no different than any other realtor. Instead of pushing the buy now FOMO he pushes the sell now FOMO.
My question is where was he during Covid? Did he warn people to not buy?
@@AnitaSridhar Jon doesn't do many deals so it's not like it matters anyways. But the answer is and will always be no. He claims all this moral high ground whenever he can online though.
@@johnnylongstockingLOL Johnny. I agree but my comments keep getting deleted. Jon's sidelined buyers will remain forever faithful and sidelined as they miss the bus, yet again. Prices on low to medium-end homes are going to be the hardest hit with prices going back up once buyers return to the market with a similar budget. There will be bidding wars over this category. Those who can afford better, will do well, as higher end homes will compete for buyers and need to make prices more interesting. There are already some interesting finds out there and for comparison - crap houses for around $800,000 selling fast since the majority can get a mortgage for them, but quality homes over a million take longer to sell, no competition among buyers and ultimately sell with generous discounts, getting you way more bang for your buck a tad above a million (GTA and anywhere within 90 minutes of the GTA).
I've had both the 1st realtor was selling the house I felt there was something very strange maybe crooked going on as were encouraged to go with a cash deal that wasn't a cash deal since the bank came by to see if it was worth what it was and a lot of delays and various things I can never prove I'm sure the second lady was extremely honest and pointed out issues etc so I'm on the fence as to my over all opinion. In the end like any business deal it comes down the ethics of the person not the profession label
Thanks for the great video Jon! Why is there no law to ensure that sellers don’t ask a ridiculously low price in hopes of creating a bidding war? It’s so frustrating finding something that’s within your budget only to find out the seller’s wanting 200-300k above asking to even consider the offer.
Realtors are a product of what the rules permit and the incentives they get to do their work. If sellers don't even have to disclose the offers, for example, how does it promote a fair fight?
I think it depends on where you are. Calgary is bumpin
In Jon's mind the GTA is the Canadian real estate market.
There is a biased opinion about realtors, Jon. And you are pretty much aware of why. But you are an exceptional guy, and I like you, we like you.
Worst in over a decade lol... the market was a disaster a decade ago. It's now a full blown crisis a decade later.
When selling, having someone in between you and the buyer I found and definite advantage. And of course you need to factor it into the closing costs.
I am seeing some price cuts recently in Burlington and still lots of overpriced inventory sitting for a long time. I think townhomes around the million mark are moving. We want to buy but are waiting.
Waiting for what? Prices aren’t going down when rates come down. They going to be going up with more competition. Buy when you can afford it.
You don't know shit lol stfu@@rosatipicks
@@rosatipicks did you read? I am seeing lots of prices cuts in what should be the busiest time of year so that does not bode well for house prices longer term. Lots more stock coming up for sale so sellers will be competing for my business. A few rate cuts is not going to do much. If prices never come down meaningfully, then that's fine as I'm a happy renter. The opportunity cost of purchasing a 1.3 million dollar house is too great. Not gambling my future. No thanks.
@@sw8281there are plenty of homes under a million selling. Homes over a mill will be harder to move. But they are still selling around asking. The 600-800k homes will have highest demand. There are plenty of them outside the GTA that will get swallowed up. Homes under a million will be fine. Over a million will be stagnant for some time. But no crash is coming. I promise that.
Every thing this guy says has ABSOLUTELY NOTHING to do with HOUSE prices FALLING. there will be NO SUPPLY. Hahahaha not exactly a buyers market if there is NOTHING AVAILABLE TO BUY..HAHAHAHA
I am a little confused why are new homes in Niagara regions priced higher than resales in that area from the same builder ?
Ok
It's finally starting to happen. Let's go!!!!
REaltors = modern day used-cars salesmen
Well, the general perception of fully commission based people is pretty low anyway. Just like how many of you or patients think highly of their doctors or medical professionals. I do find the stats quite interesting because it's brisk in Alberta.
Jon… everyone is talking about recovering market, prices going up…. Who to believe?
Not Jon. He has a very negative market it crashing bias. Last year he said prices wouldn't increase and was already saying in January that the spring market wouldn't last. Prices then went up for 4-5 months in a row. Same story this year. Market activity has picked up, prices are increasing, and Jon is still saying the market is going to crash.
Prices are heading back up bud! Johnny bear wants a crash that’s never coming hehe. Up it goes! When are you going to admit you’ve been wrong
😂 lol good try
@@sugadre123 prices are ticking up pal. If you think there’s a crash coming you’re an idiot
He will never admit he has been wrong.
The people like Jon that have to preach loudly how much morality and honesty they have are usually the most immoral and dishonest of the bunch. Jon will you ever own up to the numerous incorrect predictions you have made in your past videos?
Great news made my day! Thanks Jon ... agree with you .. we need a CRASH!
They are not working for you. At best, people will succeed despite their laws and rules..
Nope
Just send it John!
Feb 2022 was the peak month...those 2 months cost u 15 percent!
Great video! If only our elected officials had some of your qualities, we would be a diff country.
we are looking to buy our 1st home but in our area most of the houses that we like are sold or asking price is way up high, good thing our realtor got our back and does not want us to get the overpriced homes, he is patient and putting our best interest 1st.
Not in Alberta at the moment. Seeing so much money pouring in from else where.
Province is booming, especially Calgary, just sold (took 9 days) and traded up. Less than a month of inventory.
Dead here in Edmonton. Still no where near 2014-2015 highs. Not even during covid with 1 percent interest rates did we get there. Things are selling because either people who got lucky and bought the bottom in 2019 are selling or people are capitulating.
Alberta is a prime example of why you should have a diversified economy. B.C is literally just housing. That's it.
@@willt2036and wishful tourism
another "Like" for Jon Flynn
Excellent information thanks for sharing
Thanks, Jon!
Your headline is attractive but your video has no substance.
All Jon does is make doom and gloom videos.
@@johnnylongstocking Clickbaiting
@@Sooneatygrandkids-qq5oc exactly
Your a good man John. Keep up the great work
My experience has only been positive. My Burlington realtor especially was very knowledgeable and saved me lots of money and future headaches when I bought, and did an incredible job selling my place as well a few years later. Shout out Kirk Fournier of Just Shout Wilma.
Hundreds of thousands of mortgages are coming up for renewal in 2024 2025...
Thanks for your time and analysis Jon. Thanks for restoring faith in realtors.
At this point. If you are sitting in a honking mortgage yet to renew and praying rates will drop and prices will go up. You better get super religious. Cause this is hands down the final phase. Prepare for capitulation. That is where the trap door opens.
You have maybe a few weeks left to dump cause the early warm weather.
Soon, gas prices will spike, inflation will re accelerate and the talk of rate rises will begin. Usa and Canada.
But one final thought.
You sell when you can. Not when you have to.
Protect your family. Cause it's coming..
Guitano and Fauch believe we are in 89 to 94. Meaning you ain't getting back to even for 14 years.
you're one of the few honest real estate agents, 99.5% of them are SCUM. I even suggested you to my _black_ friend who is selling his detached house.
But Jon has been preaching a housing crash for over a decade... so he has kept die-hard fans sidelined with false hopes. Maybe he gets it right this time, maybe not. Too many forces and headwinds up against him though that put a very firm floor under housing prices. Do your own research. If you did not notice, he said the opposite of what 3/4 of the graphs he showed actually suggest. He only got it right with the last graph. Just sensationalism but it gets people clicking and watching. Right Jon? Twist the data for over a decade to meet your narrative...
@@Joey-c7x Jon said last year that prices wouldn't increase in the spring. Do you think he ever owned up to that dud prediction...... NOPE! Jon will still be making videos about the coming crash for another decade after prices have doubled once again.
@@Joey-c7x What are you talking about? His first youtube videos talking about his views on real estate were two years ago. And from then till now buying market priced real estate in Ontario is probably the dumbest thing you could do. You sound like a disguntled bagholder.
@@Jo-mf2vu Sounds more like Jon is the disgruntled one.
Great content thanks
very useful info!
Dead Cat Bounce and now its in freefall.
I don't see free fall happening outside of the GTA along the 401 line - in fact, stable prices and some still selling over asking - location, location, location....
@@Joey-c7xit's dead cat bounce everywhere. Just open your eyes more.
Thanks for clicking!! Oops, wrong channel.
But same great content
Mark is more objective, none of this doomsday crap like Jon, who has been predicting a crash for over a decade and left his sidelined die-hard fans - sidelined.@@Mikey-catman
Toronto Vancouver house prices ll go down %85 imminent
😂
The party is over! Get out before its too late, bubble pop